Balance cyber security, data privacy and opportunity to move boldly forward
Multiplying cyber threats have made an effective cyber security programme a critical business requirement to manage information and technology risks and protect against cyber threats, including cyber criminals, cyber attacks and data breaches, and propel transformation.
We don’t just protect business value, we create it – using cyber security and privacy as a tool to transform businesses. As companies move toward a digital business model, exponentially more data and sensitive information is generated and shared among organizations, partners and customers. Business digitization also exposes companies to new vulnerabilities, making effective cyber security and data privacy critical.
When CEOs and boards used to evaluate their threats or competitors, few considered cyber attacks. Today, the volume and concentration of data, electronic, and credit card transactions, coupled with easy global access to the digital business ecosystem, magnify exposure to cyber threats and issues.
Our cyber security and privacy practice can help you assess, build and manage your cyber security capabilities while enabling effective incident response to a myriad of potential threats. Our Bermuda cyber security and privacy practice consists of professionals with significant business and technical experience who can help you address your cyber and privacy risks, ranging from supporting your risk assessment process, developing and assessing policies and procedures including the response and recovery process, designing, implementing and assessing controls, and conducting efficient and effective independent IT audits.
We also leverage the power of our global and regional network of member firms to provide organisations with deeper, broader and timely expertise on evolving cyber security and privacy challenges.
On December 23, 2019, the Bermuda Monetary Authority (the BMA or the Authority) released its proposed Insurance Sector Operational Cyber Risk Management Code of Conduct (the Code) for comment. Comments are requested by January 31, 2020, with the expectation that the final Code’s requirements be effective by January 1, 2021, followed by enforcement starting June 30, 2021.
Learn more and connect with our cyber team